Doctor Jack's Stock Medicine

[Jack Haddad]

Jack, what are we gaining from this information?

I gain. When I scalp, I don'y have time to explain anything.

[DSteckler]

I gain. When I scalp, I don'y have time to explain anything.

Jack, I agree; scalps are short lived and there's little time to post about them.

But why post about them at all? That's my question. My impression of Ernie's board is a forum to exchange stock ideas, techniques, etc. Rob appreciates your scalp posts but I'm trying to understand your motivation for posting them? To show that you're successfully scalping?

[peanuts]

Jack, I agree; scalps are short lived and there's little time to post about them.

But why post about them at all? That's my question. My impression of Ernie's board is a forum to exchange stock ideas, techniques, etc. Rob appreciates your scalp posts but I'm trying to understand your motivation for posting them? To show that you're successfully scalping?

Dave, I don't want to speak for the Doc, but in my own case the reason for posting the trades for the MOMO thread and the reason for posting the weekly moves in the IBD screen are to bring merit to the trading system itself. Anyone can say, "I outperform the market by such and such percent" or "I make so and so dollars every day in the market" But just because someone says something like that, doesn't mean that it is the truth. When your trades are posted and time-stamped and everyone can plainly see what you are doing, when, and the end result, then a certain level of credibility is established. Look at Mr. Market... his 80 something trades consistently beat the benchmark S&P 500 over the same time period. When he posts a pick, everyone takes him seriously. Lately, I've been absolutely killing the market. While it has been going sideways, I have increased my portfolio by ~65% in 7 months!!! But, if I just said that, would you believe me? What if I showed you all my trades? (which I have done) You would believe me then, wouldn't you?

I think that what the good doctor is doing, is just great. When he says that he is buying something, or does a little write-up on a company, or even disagrees with someone, then I personally take his opinion more seriously than someone who justs says what on their mind... There is more merit to someone's opinion when their track record is consistent. I think Jack has proven that he consistently makes good trades (whether they are for a few pennys, or not) and I always click on the link to his thread when I see a new post.

Dave, I also like your independent thinking. Keep it up!


Dr. Jack can find the life in a stock
and his trades are more than just talk

[Jack Haddad]

Jack, I agree; scalps are short lived and there's little time to post about them.

But why post about them at all? That's my question. My impression of Ernie's board is a forum to exchange stock ideas, techniques, etc. Rob appreciates your scalp posts but I'm trying to understand your motivation for posting them? To show that you're successfully scalping?

Nice to maintain a journal. Besides, many people profit from my trades.

[lemonjello]

Imo

Indirect advertising...

Gets around certain, uh, rules.

Jus sayin.

Jack, I agree; scalps are short lived and there's little time to post about them.

But why post about them at all? That's my question. My impression of Ernie's board is a forum to exchange stock ideas, techniques, etc. Rob appreciates your scalp posts but I'm trying to understand your motivation for posting them? To show that you're successfully scalping?

[IIC]

As far as I'm concerned Jack should keep posting the quick trades...if I happen to see his post on a timely basis and I have time... I check them out to see what is going on. Even after he sold AAPL I was still interested in it...but I wouldn't even been looking at it if he hadn't posted it...I just happened to choose FORM instead...Both would've worked.

Apparently I saw something different than Jack in AAPL because I liked it at a different point...But I sorta think I know what he's doing and it is of interest to me.

Also, I believe I've seen him post losers too...Nobody can be right all the time...Thx Jack....Doug(IIC)

EDIT...also, sometimes I go back and look at trades I missed to try to figure out the why if I can...I also do that with some other people too

[Jack Haddad]

Dave, I don't want to speak for the Doc, but in my own case the reason for posting the trades for the MOMO thread and the reason for posting the weekly moves in the IBD screen are to bring merit to the trading system itself. Anyone can say, "I outperform the market by such and such percent" or "I make so and so dollars every day in the market" But just because someone says something like that, doesn't mean that it is the truth. When your trades are posted and time-stamped and everyone can plainly see what you are doing, when, and the end result, then a certain level of credibility is established. Look at Mr. Market... his 80 something trades consistently beat the benchmark S&P 500 over the same time period. When he posts a pick, everyone takes him seriously. Lately, I've been absolutely killing the market. While it has been going sideways, I have increased my portfolio by ~65% in 7 months!!! But, if I just said that, would you believe me? What if I showed you all my trades? (which I have done) You would believe me then, wouldn't you?

I think that what the good doctor is doing, is just great. When he says that he is buying something, or does a little write-up on a company, or even disagrees with someone, then I personally take his opinion more seriously than someone who justs says what on their mind... There is more merit to someone's opinion when their track record is consistent. I think Jack has proven that he consistently makes good trades (whether they are for a few pennys, or not) and I always click on the link to his thread when I see a new post.

Dave, I also like your independent thinking. Keep it up!


Dr. Jack can find the life in a stock
and his trades are more than just talk

Very well Said! Thank you. I'm interested in seeing others post in as close to real time possible as they can with the exact amount of entry and exit.

[Jack Haddad]

Dave, I don't want to speak for the Doc, but in my own case the reason for posting the trades for the MOMO thread and the reason for posting the weekly moves in the IBD screen are to bring merit to the trading system itself. Anyone can say, "I outperform the market by such and such percent" or "I make so and so dollars every day in the market" But just because someone says something like that, doesn't mean that it is the truth. When your trades are posted and time-stamped and everyone can plainly see what you are doing, when, and the end result, then a certain level of credibility is established. Look at Mr. Market... his 80 something trades consistently beat the benchmark S&P 500 over the same time period. When he posts a pick, everyone takes him seriously. Lately, I've been absolutely killing the market. While it has been going sideways, I have increased my portfolio by ~65% in 7 months!!! But, if I just said that, would you believe me? What if I showed you all my trades? (which I have done) You would believe me then, wouldn't you?

I think that what the good doctor is doing, is just great. When he says that he is buying something, or does a little write-up on a company, or even disagrees with someone, then I personally take his opinion more seriously than someone who justs says what on their mind... There is more merit to someone's opinion when their track record is consistent. I think Jack has proven that he consistently makes good trades (whether they are for a few pennys, or not) and I always click on the link to his thread when I see a new post.

Dave, I also like your independent thinking. Keep it up!


Dr. Jack can find the life in a stock
and his trades are more than just talk

Very well Said! Thank you. I'm interested in seeing others post in as close to real time possible as they can with the exact amount of entry and exit.

[Jack Haddad]

As far as I'm concerned Jack should keep posting the quick trades...if I happen to see his post on a timely basis and I have time... I check them out to see what is going on. Even after he sold AAPL I was still interested in it...but I wouldn't even been looking at it if he hadn't posted it...I just happened to choose FORM instead...Both would've worked.

Apparently I saw something different than Jack in AAPL because I liked it at a different point...But I sorta think I know what he's doing and it is of interest to me.

Also, I believe I've seen him post losers too...Nobody can be right all the time...Thx Jack....Doug(IIC)

EDIT...also, sometimes I go back and look at trades I missed to try to figure out the why if I can...I also do that with some other people too

Thanks Doug...

[Lyehopper]

I also like to watch Jack's scalp trades.... He's pretty good imo. I think he really is a "pro"....

Hey Dave, maybe you could post some of yours.... you know? being a pro yourself and all....

[Jack Haddad]

nem

Bought 2 blocks at 53.77 and wrote 200 July 52.50 calls at 2.05

Sold at 55.14, and bought back the calls at 3.00

[DSteckler]

I also like to watch Jack's scalp trades.... He's pretty good imo. I think he really is a "pro"....

Hey Dave, maybe you could post some of yours.... you know? being a pro yourself and all....

How quickly you forget, eh? A couple of months back I was day/swing trading ELN and posting the trades in real-time. Go back to the ELN thread and you'll find them.

[Jack Haddad]

Aapl

Bought 1 block at 51.08

[Jack Haddad]

Bought 1 block at 51.08

Sold at 51.53

[Rob]

Ebay

Well I got triggered out of my EBAY position for a loss this morning. The fact that I had hedged with the covered calls saved me over a hundred bucks ... on the other hand, if I had just owned the stock without the hedge, I probably wouldn't have sold it yet. I'm sure I must've done something wrong here, but I'm still learning this hedging stuff.